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PicsArt Secures $10M in Series A Funding

PicsArt, a San Francisco, CA-based photo editing and drawing app, secured $10m in Series A funding.

Sequoia Capital made the investment. In conjunction with the investment, Omar Hamoui, a partner at Sequoia, joined PicsArt’s board of directors.

Led by Hovhannes Avoyan, founder and CEO, PicsArt is a mobile community for creatives to make images. The app’s editing tools allow them to remix each other’s photos, images and drawings.
The app, which has had more than 200 million downloads with nearly 60m monthly active users, is available on the App Store, Google Play, Amazon or Windows.